Is Cokato, MN 55321 a buyer’s or seller’s market?
Cokato is a balanced market. With about 4.5 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 75% of U.S. ZIP codes, and #125 of 296 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Cokato housing market right now
In the three months ending August 31, 2026, 47% of homes in Cokato, MN 55321 sold above their list price, the typical home went under contract in 23 days and there were 4.5 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 17 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 6%, homes sold faster (25 days then) and the median sale price rose 9% to $354,846. Overall, Cokato is more competitive than a year ago, so tougher for buyers.
Within Wright County, homes here sell faster than in 55% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county. On our competition score, Cokato ranks #125 of 296 MN ZIP codes with enough sales (score 71 out of 100).
Nearby, buyers who want less competition could look at Delano 55328 (22% sold over asking) or Annandale 55302 (25% sold over asking).
Run the numbers for 55321
Nearby markets
Albertville 55301Seller’s market $185 /sq ftAnnandale 55302Seller’s market $230 /sq ftBuffalo 55313Seller’s market $185 /sq ftDelano 55328Seller’s market $197 /sq ft Browse all markets →Towns like Cokato nearby
Find towns like Cokato in other states →Where Cokato is
Loading map…
Questions about Cokato real estate
Is Cokato a buyer’s or seller’s market?
A balanced market: there were 4.5 months of supply in Cokato, MN 55321 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Cokato?
The typical home went under contract in 23 days in the latest three months.
Do homes in Cokato sell over asking?
47% of homes sold above their original list price, and the typical sale closed at 100.4% of the list price.
What are property taxes in Cokato?
About 0.98% of a home’s value a year in Wright County, or roughly $3,920 on a $400,000 home.
What is the median home price in Cokato?
The median sale price was $354,846 in the three months ending August 31, 2026, about $164 per square foot.
Local agents
See all agents in 55321 →No sponsored agents in 55321 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 55321
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology